Web based wallets aren't safe at all, even if you have 2FA enabled. They can be hacked! The same thing is with keeping your money on an exchange. Someone may hack it and could get access to your private keys. If someone has your private keys, he can send your money to someone's else Bitcoin address! That's why you should read about Electrum and hardware wallets.

I would say that normal money has no coverage. We don't have gold parity anymore so the goverment can print as much money as they want to. Nobody can stop them from doing that. Why Bitcoin is worth something? To produce and maintain it, you have to use a lot of electricity. It's still cheaper than regular money.

Of course it's not too late. For some people, current price might be too high. For me, Bitcoin is expensive but not as much as it could be in the future. I believe if our community try to make Bitcoin better by introducing many different BIPs, it will become more popular in the future. Maybe someday it will be able to replace one country's currency.

If you don't want to invest anything then I would recommend you to join a signature campaign if you have enough knowledge. There are many people who are trying to participate in a signature campaign but they don't know basic things like: how does mining work and what is a blockchain itself. It would take me some time to explain it to someone but I would try to do my best.

I believe it's still too early for Bitcoin to replace the world's currency. Transactions are still to slow for that to happen. It will be hard and long process for many shops to switch to Bitcoin. Many of them are not accepting credit cards! We are in 2017 and there are still places where you have to use only cash! Goverments would help probably in such situation.

Yes, I'm using TOR. Right now I'm abroad for an indefinite period and I don't want my identity to be exposed. I also use ProtonMail for maximum security. I'm not interested in DarkWeb and DeepWeb so I don't browse them. TOR for me is a tool which allows me to be anonymous on the Internet. I think I'm going to run a node in the future. What do you think about hosting one on OVH dedicated server?

It's funny to see how people blame Bitcoin when they just lost their money. Many people were spreading fear because of exchanges ban in China. I have also thought for a moment that it may cause a problem but now I can say that I needn't have worried. I didn't sell my Bitcoin because I believed its price will be back to $4400 again.

I wouldn't like to work and receive my salary in Bitcoin. Why? Not many shops where you buy daily stuff are accepting Bitcoin. How would I feed my family? Bitcoin is great but it's still to early to use it for daily things. That's why we need to change how it works. Also, the value of Bitcoin changes all the time. Imagine that you would get paid on ATH and after 3 days there's a correction.

That's a great thing to hear! I'm using only Segwit addresses. Transactions fees are low and they are working pretty good now so what's the point of increasing the blocksize if everything is working properly? I'm afraid there are going to start another spam attack on Bitcoin network. They may use this method again to force us to use Segwit2x chain.

Of course Bitcoin isn't gambling. If it was considered as gambling then what about stock market? You have to also predict what will happen and take some risk. Can people become addicted to Bitcoin? Yes, they can. Everything can addict you. Why do people have to hate everything they don't understand? I treat Bitcoin and other cryptocurrencies as a form of investment.

It was already said here that this app is old and no longer support. It works terrible so nobody uses it. Any updates on this topic? What do you think about creating a campaign in which we would raise funds for creating such app? I understand that a new forum software is being developed and it's mobile friendly but we don't know when is it going to available for everyone.

Yes! They definitely can use Bitcoin. Why wouldn't they? Because it becomes more and more expensive? It's not a good reason to stop people from buying Bitcoin. The rich has already a lot of money. Bitcoin is a chance for poor people to become more wealthy. I hope that banksters won't hord as much Bitcoin as possible. They are simply afraid of revolution which is close.

I think it would be common in unsafe places. People will probably use their biometrics (iris, fingerprint or face scanner) when using Bitcoin for daily transaction becomes mainstream. It will be easy to rob them at night. I wouldn't keep my savings with me all the time. I would keep my wallet with saving at home or in a much safer place. Ordinary people prefer convenience to security.

Hello sir. I would like to join 777Coin signature campaign. I will be able to add posts regularly starting tomorrow.

User: xBitHodler
Postion to Apply: Junior Member
Posts Start: 30
Address: 36hSWqfyV73ja5JdcHCX9pscJ8SWa3E6E6

It would be interesting to see Bitcoin as a country currency but it won't happen anytime soon. Probably countries will develop their own cryptocurrencies. Bitcoin could be an universal currency which would be accepted everywhere and because of this it would be really expensive. Even if it is not going to happen, Bitcoin has a bright future. Why do we all believe in it? Because it has potential to revolutionise the banking system.

I wouldn't like to live in a such country, not yet. I think it's still too early. I really like spending Bitcoin using my phone but hardly any shop in my area accepts Bitcoin as a payment. Bitcoin still needs to be developed. We need more transactions per second. Also, we need to teach more people how does this technology work. It would prevent situations like "Someone stole my money" or "I can't chargeback!". They have to be aware how does this system works.

Right now I'm using Electrum. I didn't want to use Bitcoin Core because I would have to download 150 GB of blockchain history data. Electrum doesn't require me to do so and also I can control my private keys. I still haven't decided if I should buy Ledger or Trezor. Ledger seems to be better for me because it supports many altcoins and there aren't any knows attacks that work on it.

If you know what are you doing then it's highly possible that Bitcoin will be your way to become rich. However, it's easy to lose money if you don't know what are you doing. At least you should try to read about project in which you are investing. Don't expect to earn much if you just throw your money at something you don't understand. People blame Bitcoin because they don't understand it and cash out when it is declining.

That would be great! I would be able to spend my Bitcoin without intermediary. There is one company in my country which accepts payments with Bitcoin and after that they make a wire transfer whenever I want. Unfortunately, they only send money in my local currency. It's still really useful because I can pay my bills and order some electronics equipment thank to them. I don't need to use exchange anymore.

Why people lose faith in Bitcoin every time is declines? Invest as much as you can afford to lose. Even though I think that Bitcoin is a safe investment. Just look what happened 2 weeks ago. If I only had spare money, I would have invested more. Now I'm waiting for Segwit2x fork in November.